Berkshire Hathaway CEO Warren Buffet, the third richest person in the world, said in a new interview that college and business school aren’t necessary for professional success.
Berkshire Hathaway CEO Warren Buffett, the third richest person in the world, said in a new interview that college and business school aren’t necessary for professional success.
The expense and time that higher education demands may not be worth it, Buffett said in a wide-ranging interview with Yahoo Finance's editor-in-chief, Andy Serwer. Buffett said, referring to college, “I don’t think it’s for everybody.” The comments come amid heightened scrutiny focused on a total of $1.5 trillion in student loan debt among Americans, a figure that has tripled since 2005. A survey this month from GoBankingRates, which polled 500 Americans with college degrees, found 42% feel that their college degree wasn’t worth the student debt it created. But 88% said that they did not regret their ultimate decision to go to college.
‘I actually was not keen on going to college myself’Buffett initially opposed attending college but ultimately completed undergraduate and graduate business programs.He applied to college because his father, Howard H. Buffett, advised him to consider an undergraduate program at The Wharton School at the University of Pennsylvania.
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